Retirement and insurance predictament - Page 2

Jaspersmom · ‎06-08-2011

@sweetee2 wrote:
Your dad sounds like he's around my age group and my retirement age is 66 and 2 months. I would make sure. Anyway can't he waited one more Year? Hubby working until 70 so I can have insurance.

Most people can't wait or don't want to work until they are 70. Anyway, Medicare starts at 65. Social Security eligibility is different. You are talking about full Social Security at 66 and 2 months (mine is 66). Of course, if someone can wait until they are 70 to collect Social Security, then monthly payments will be higher. The question here, though, as I understand it is the wife being 64 and not yet eligible for Medicare until she turn 65. She will have to get her own insurance until she turns 65 or pay the higher premium his company is offering for the one year.

Melania · ‎06-12-2013

@ccassaday wrote:
@sweetee2 wrote:
Your dad sounds like he's around my age group and my retirement age is 66 and 2 months. I would make sure. Anyway can't he waited one more Year? Hubby working until 70 so I can have insurance.
Sure he can if they can't find something more affordable then $1300 a month for my mom. Unless your rich no one can afford this. Hopefully they can find a plan in the $500 to $600 range. We are building a house this spring. He wants to retire so he can put all his energy towards the house. It would be extremely disappointing and heart breaking if we had to put the house off for another year.

Check the exchange and then go directly to the company that offers the best plan. We have a gap as well and that's what we did.

Make sure the agent doesn't represent just one company too! Ours did help us pick the best plan that we had already investigated. He waded through the mumbo jumbo and what we needed.

It should be cheaper than your dad's plan. In fact, the deductible now is much lower than when it was on the employers plan. We also got an HSA which gives a very nice tax break.

Trinity11 · ‎11-16-2014

@ccassaday wrote:
My dad is turning 65 in June and plans on retiring. The issue is my mom. My mom will only be 64 so won't be elgible for Medicare yet. He talked to human resources at work and in order for my mom to keep her plan for another year it will be $1300 a month. We have a insurance guy coming next week to see what other options we have. Have any of you ever been in this predictament. I am not sure how insurance companies are left of the Indiana marketplace. Are going through the marketplace or finding her a private insurance plan our only options. My guess is even a marketplace plan is going to still be very expensive. My dad was looking so forward to retirement. This also could put a delay in building our house.

Yes, my husband is going to retire when he is 70 because I am dependent on his medical plan and I am early 60's. We got quotes upwards of $1500 a month for me to be insured. I have a lot of pre-existing conditions so it would be cost prohibitive.

Sorry to hear about your dad but I am six years younger than my husband and it is even worse.

itsmagic · ‎08-08-2011

@ccassaday wrote:
Does that mean you have to pay everything up to $6000. Do you have any kind of co pays.

I got a physical, mammogram and colonoscopy (if needed) but had to pay for everything else up to the $6000 (which luckily I was fairly healthy and never reached that point). But one good thing was that what I did have to pay for was discounted to whatever Blue Cross (the insurance I had) was required to pay which I found was a huge discount.

ccassaday · ‎10-21-2010

@Trinity11 wrote:
@ccassaday wrote:
My dad is turning 65 in June and plans on retiring. The issue is my mom. My mom will only be 64 so won't be elgible for Medicare yet. He talked to human resources at work and in order for my mom to keep her plan for another year it will be $1300 a month. We have a insurance guy coming next week to see what other options we have. Have any of you ever been in this predictament. I am not sure how insurance companies are left of the Indiana marketplace. Are going through the marketplace or finding her a private insurance plan our only options. My guess is even a marketplace plan is going to still be very expensive. My dad was looking so forward to retirement. This also could put a delay in building our house.
Yes, my husband is going to retire when he is 70 because I am dependent on his medical plan and I am early 60's. We got quotes upwards of $1500 a month for me to be insured. I have a lot of pre-existing conditions so it would be cost prohibitive.

Sorry to hear about your dad but I am six years younger than my husband and it is even worse.

Yikes your poor husband. I am hoping they will find something that is more affordable. My mom is healthy. No health issues. I told her that she better hope nothing major happens between now and end of June. Just more stuff to stress over and scaring me that we won't beable to start building. I am hoping it all works out. I told her well you could take 10k of his pension and put it back for her insurance. He has a pension plus a 401k.

ccassaday · ‎10-21-2010

@itsmagic wrote:
@ccassaday wrote:
Does that mean you have to pay everything up to $6000. Do you have any kind of co pays.
I got a physical, mammogram and colonoscopy (if needed) but had to pay for everything else up to the $6000 (which luckily I was fairly healthy and never reached that point). But one good thing was that what I did have to pay for was discounted to whatever Blue Cross (the insurance I had) was required to pay which I found was a huge discount.

What about prescriptions.

Melania · ‎06-12-2013

@Trinity11 wrote:
@ccassaday wrote:
My dad is turning 65 in June and plans on retiring. The issue is my mom. My mom will only be 64 so won't be elgible for Medicare yet. He talked to human resources at work and in order for my mom to keep her plan for another year it will be $1300 a month. We have a insurance guy coming next week to see what other options we have. Have any of you ever been in this predictament. I am not sure how insurance companies are left of the Indiana marketplace. Are going through the marketplace or finding her a private insurance plan our only options. My guess is even a marketplace plan is going to still be very expensive. My dad was looking so forward to retirement. This also could put a delay in building our house.
Yes, my husband is going to retire when he is 70 because I am dependent on his medical plan and I am early 60's. We got quotes upwards of $1500 a month for me to be insured. I have a lot of pre-existing conditions so it would be cost prohibitive.

Sorry to hear about your dad but I am six years younger than my husband and it is even worse.

Pre-existing conditions are not an issue anymore with HC. They are noot allowed to do that.

ccassaday · ‎10-21-2010

@Melania wrote:
@Trinity11 wrote:
@ccassaday wrote:
My dad is turning 65 in June and plans on retiring. The issue is my mom. My mom will only be 64 so won't be elgible for Medicare yet. He talked to human resources at work and in order for my mom to keep her plan for another year it will be $1300 a month. We have a insurance guy coming next week to see what other options we have. Have any of you ever been in this predictament. I am not sure how insurance companies are left of the Indiana marketplace. Are going through the marketplace or finding her a private insurance plan our only options. My guess is even a marketplace plan is going to still be very expensive. My dad was looking so forward to retirement. This also could put a delay in building our house.
Yes, my husband is going to retire when he is 70 because I am dependent on his medical plan and I am early 60's. We got quotes upwards of $1500 a month for me to be insured. I have a lot of pre-existing conditions so it would be cost prohibitive.

Sorry to hear about your dad but I am six years younger than my husband and it is even worse.
Pre-existing conditions are not an issue anymore with HC. They are noot allowed to do that.

But from what I understand they can still charge you up to three times as much as what they charge a young person

Trinity11 · ‎11-16-2014

@Melania wrote:
@Trinity11 wrote:
@ccassaday wrote:
My dad is turning 65 in June and plans on retiring. The issue is my mom. My mom will only be 64 so won't be elgible for Medicare yet. He talked to human resources at work and in order for my mom to keep her plan for another year it will be $1300 a month. We have a insurance guy coming next week to see what other options we have. Have any of you ever been in this predictament. I am not sure how insurance companies are left of the Indiana marketplace. Are going through the marketplace or finding her a private insurance plan our only options. My guess is even a marketplace plan is going to still be very expensive. My dad was looking so forward to retirement. This also could put a delay in building our house.
Yes, my husband is going to retire when he is 70 because I am dependent on his medical plan and I am early 60's. We got quotes upwards of $1500 a month for me to be insured. I have a lot of pre-existing conditions so it would be cost prohibitive.

Sorry to hear about your dad but I am six years younger than my husband and it is even worse.
Pre-existing conditions are not an issue anymore with HC. They are noot allowed to do that.

Yet the price per month was very high.